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USDCAD Double Correction Continues In The Bearish Trend

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
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FX:USDCAD   U.S. Dollar / Canadian Dollar
Elliott Wave USDCAD doublecorrection Bearish Patterns Forex
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elliottwaves usdcad doublecorrection bearish forex
USDCAD is trading in a short term downtrend as a double correction W-X-Y. Wave Y will most likely form a zigzag correction pattern. We can use wave W's distance to measure wave Y target. The USDCAD is trading in a series of 1-2 1-2's so price is currently trading in a wave 2 phase.

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